We would like to present you one of the most well-known financial institutions in the world. The Offshore Pro Group offers you a unique opportunity to become holder of a private bank account in Singapore. The bank account in Singapore can be opened in two ways, remotely and in person. Russian nationals have to visit the bank in person. Citizens of other countries can enjoy the service of remote account opening.
The bank in Singapore was established in 1983 to meet the demand of wealthy clients living in the Asia Pacific region for offshore banking services. The bank provides banking and investment services to the individuals with an international lifestyle, and whose minimum assets range from USD 150,000, helping them protect and preserve their wealth in the selected jurisdictions.
The bank offers multi-lingual client managers and a team of highly qualified professionals, as well as a wide range of financial services with easy access to daily banking services via telephone, fax and internet, and offers a network of more than 1.4 million ATMs worldwide.
The bank also offers Digital Bank for those who prefer to manage their own investments at their own pace. The Digital Bank ensures a self-governing system of global asset management. Digital Bank clients are also granted certain exclusive privileges, bonuses and preferential rates for online transactions and investments.
Bank in Singapore
The bank has been present in Singapore since 1902 and is profoundly integrated into the Singapore financial and banking sector. Being represented in almost every banking segment, starting with institutional clients, retail banking, private banking and others, the bank employs almost 10,000 people which makes this bank the largest banking employer in Singapore.
The bank in Singapore is a key hub of a group in the Asia Pacific region, and supports the group’s operations worldwide. Many banking departments are situated in Singapore, including retail banking and bank card support in Asia, International Personal Bank, Private Bank (Asia), and others.
Settlement Account in Singapore
If you need a daily transaction account that is designed for frequent use and use of a checkbook, then the Current Account option will be an excellent solution for you. You will appreciate the convenience of checks and your bank card that will allow you to access your cash via more than 1,400,000 ATMs worldwide.
The bank in Singapore accepts clients from the following countries:Azerbaijan, Bahrain, Brazil, British Virgin Islands, Brunei, Cameroon, China, Congo (Democratic), Cyprus, Egypt, Ghana, Germany, Greece, Hong Kong, India, Indonesia, Japan, Kazakhstan, Macao, Malaysia, Malta, Mauritius, Mexico, Monaco, Oman, Pakistan, Philippines, Poland, Qatar, Romania, Russia, Taiwan, Tanzania, Thailand, Turkey, UAE, Uzbekistan, Vietnam, Yemen, Zambia, Zimbabwe. As for other countries, this has to be specified individually.
If a Belarusian lives in Belarus, then the bank will not be able to open an account for them. If a Belarusian lives in another country from the list above, they can open an account with the bank. The main important thing for the client is to confirm their place of residence. Unfortunately, the bank does not accept clients from Israel. Clients from other countries are free to open an account with the bank in Singapore.
The minimum account balance for a CitiGold Client is USD 200,000, for the CitiGold Private Client it is USD 1 Mil. We give the client three months to replenish their account. If the amount in the account is less than USD 20,000, the account maintenance fee of USD 30 per month will be written off.
Advantages of a Private or Personal Account
- A personal manager speaking English;
- Online banking;
- ATM payment card;
- Credit cards (VISA USD and a Singapore dollar card);
- Investments for wealth management and trading;
- Forex trading over the phone. The bank has specialists who accept applications by phone around the clock, and they are ready to advise you on Forex;
- Investments in gold / Insurance / Trusts;
- Credits for investment, for private needs, mortgage;
- 24-hour phone service / Hot line for Private Clients / VIP direct line.
Advantages of Depositing Money into the Interest Checking Account in Singapore
- Currency selection: SGD or USD
- The possibility to open a SGD or a USD account
- Free checkbook
- Free bank card
For your convenience you can do the following:
- Deposit money into your account at bank branches in SGD, USD, AUD, HKD or JPY;
- Deposit money into your account by checks, using bank checks, traveler’s checks, etc., bringing them to a branch or sending them by mail;
- Transfer funds via telegraphic transfer or via the bank’s internal system;
- Have access to the online system 24/7.
Maxisave Savings Account in Singapore Dollars
Should you need an account for everyday transactions with the possibility of using a checkbook in Singapore dollars, then the Maxisave SGD savings account may be a good option for you. This account will allow you to receive interest on your account and the possibility to write checks from this account, as well as allow you to access your cash via the system of more than 1,400,000 ATMs worldwide using a card issued by the bank.
Maxisave SGD savings account combines the features of a savings and a current account. The new checkbook is issued automatically when the old one runs out of checks.
| Minimum down payment: | An individual | A company |
| The bank pays higher interest at amounts over USD 30,000 and USD 50,000. | $5,000 | $100,000 (NGOs only) |
Advantages of Depositing Your Money into the Maxisave SGD Account
- The possibility to receive daily interest on the account balance;
- Interest is calculated every day and accrued every month;
- Currency selection: SGD;
- Private SGD account;
- Free checkbook;
- Access to your funds 24/7 via ATMs, Internet banking and phone;
- Free bank card;
- For your convenience, you can deposit money into your account at bank branches in SGD, USD, AUD, HKD or JPY;
- Deposit money into your account by checks, using bank checks, traveler’s checks, etc., bringing them to a branch or sending them by mail;
- Transfer funds via telegraphic transfer or via the bank’s internal system;
- Have access to the online system 24/7.
Interest Checking USD Account in Singapore
A checking account is available in USD and SGD, and provides the opportunity to write out checks, and the statements show all the checks paid. The new checkbook is issued automatically when the old one runs out of checks.
Advantages of Depositing Money into the Interest Checking USD Account in Singapore
- The possibility to receive daily interest on the account balance;
- Interest is calculated every day and accrued every month;
- Currency selection: USD;
- Private USD account;
- Free checkbook;
- Access to your funds 24/7 via ATMs, Internet banking and phone;
- Free bank card.
For your convenience you can do the following:
- Deposit money into your account at bank branches in SGD, USD, AUD, HKD or JPY;
- Deposit money into your account by checks, using bank checks, traveler’s checks, etc., bringing them to a branch or sending them by mail;
- Transfer funds via telegraphic transfer or via the bank’s internal system;
- Have access to the online system 24/7.
| Minimum down payment: | An individual | A company |
| Interest-bearing US dollar checking account | $5,000 | $30,000 |
| Interest-bearing Singapore dollar checking account | $5,000 | $30,000 |
Savings Account
Savings account is available in 9 currencies, and it will allow you to receive monthly interest on your account balance.
| Minimum down payment: | An individual | A company |
| AUD, CAD, EUR, HKD, NZD, JPY, STG | $5,000 | N.A. |
| SGD | $5,000 | N.A. |
Advantages of Placing Your Money on the Deposit
- Currency selection: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD.
- Access to your funds 24/7 via ATMs, Internet banking and phone;
- Free bank card.
For your convenience you can do the following:
- Deposit money into your account at bank branches in SGD, USD, AUD, HKD or JPY;
- Deposit money into your account by checks, using bank checks, traveler’s checks, etc., bringing them to a branch or sending them by mail;
- Transfer funds via telegraphic transfer or via the bank’s internal system;
- Have access to the online system 24/7.
Fixed-Term Deposit
Available in a variety of currencies including USD, the bank’s Fixed-Term Deposit offers you attractive interest rates to make your money work for you while providing flexibility in managing your funds. With the bank, should you need your money urgently, the Term Deposit will allow you to withdraw part of the money, in shares of 5,000 USD (or its equivalent in another currency), without losing your earned interest.
Advantages of Placing Your Money on the Deposit
- The possibility of earning attractive interest, with a choice of currency: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD and USD.
- The possibility to choose the term: 1 week, 1 month, 2, 3, 4, 6, 9, 12 months.
- The minimum deposit amount is USD 50,000 or the equivalent in another currency.
- The possibility of partial withdrawal.
- Automated prolongation of your deposit.
- The possibility to exchange currency, without penalties **.
- The possibility of getting an overdraft using your deposit as collateral.
* The minimum amount to be withdrawn is USD 5,000 (or its equivalent), with a minimum of USD 50,000 (or its equivalent) remaining on the deposit. In case of early termination, the bank reserves the right to levy a fine.
**The client has the right to exchange currency, choosing from 10 possible currencies without penalties provided that the term of the deposit is not changed or extended. This service is not available for deposits in SGD, Time Deposits.
For your convenience you can do the following:
- Deposit money into your account at bank branches in SGD, USD, AUD, HKD or JPY;
- Deposit money into your account by checks, using bank checks, traveler’s checks, etc., bringing them to a branch or sending them by mail;
- Transfer funds via telegraphic transfer or via the bank’s internal system;
- Have access to the online system 24/7.
- When the deposit expires, it will be automatically extended at the best possible rate.
Offshore Yuan Deposit
Take advantage of China’s rapid economic growth by not missing the opportunity offered by the bank, an Offshore Yuan Deposit. Enjoy attractive interest rates with a minimum deposit amount of USD 50,000 or its equivalent in another currency, and choose a convenient deposit period from 7 days to 1 month.
Using your offshore yuan deposit you will be able to:
- Reserve FX CNH deals against major currencies (XAU, EUR, GBP, AUD, NZD, CAD, CHF, SGD, HKD, JPY);
- Choose a deposit period from 7 days to 1 month.
*The deposit is not made or withdrawn in cash.
Online Banking in Singapore
Online banking was designed for convenient operations the of bank’s clients. Taking just a few quick and easy steps online, you can access your funds at any time. Via Online Banking, you will be able to check your balance, transfer funds between your accounts, pay bills and even manage your own investments.
The Online Banking is available free of charge together with a Private International Bank Account. In order to get online access, you need to have the bank’s plastic card, PIN code and an online security device.
Main features of the Online Banking system:
Account information
- You can check your settlement account transactions quickly and easily;
- Online verification of account details and upload of transaction information at any time;
Electronic statements and Recommendations Statements for up to 36 months;
Transfer of funds
- Transfer of funds between your own accounts with the bank in Singapore and other accounts in Singapore is free of charge;
- Transfers of up to USD 50,000 made instantly and efficiently, between your account with the bank via the Global Transfer system;
- Payment of bills and setting of regular payments;
Online Investments
- Manage your investment funds, deposits and premium accounts easily and independently;
- Get attractive interest rates on your premium account online;
- Access currency rates in the real time mode;
- Receive instant confirmation of your payments;
- Receive reminders in electronic format about market changes;
Brokerage services in Singapore
- Trade at any time on SGX, HKSE, NYSE, NASDAQ and AMEX;
- View your portfolio for investment control;
- Read the latest news and information by Reuters;
- Get email reminders about your operations and sales;
- Get instant access to the sales process to increase your purchase and so on.
CitiGold Service
Citigold Relation Services are available to clients with an account balance of USD 150,000 or more in investments. The bank ensures a higher class of client service as well as more attractive terms and conditions for investments and receiving international recommendations from the bank professionals.
The bank ensures global control over your finances regardless of your country of residence, as well as access to the bank’s international network, 20,000 bank’s ATMs and the Online service.
As the bank’s client you can get the following:
- Control over your finances in any part of the world;
- Participate in the global network that will allow you to comfortably travel around the world as Global Traveler;
- Gain access to the investment opportunities around the world as a global investor;
- Enjoy attractive interest rates for fixed-term deposits;
- Get privileged rates for money transfers;
- Instant, free transfers of funds to the bank’s accounts abroad with the Global Transfer system.
Bank’s Private Client
Bank’s Private Client is a private asset management service aimed at achieving client success. Bank’s Private Client is the basis for a unique relationship established specifically for those who wish to invest over USD 1 million in the bank’s products.
As a specialized business dedicated to the needs of the bank’s clients, the bank has combined the products, ideas and insights of the Citigold Private Client.
The Private Client service at the bank will allow you to get services from highly specialized bankers who are part of the wealth management team. With an extended range of products both at the local and international level, the bank can help you find the most attractive solutions to multiply your wealth.
Credit Cards
You can also acquire a payment card issued by the bank together with opening a settlement account.
The bank offers ATM cards and credit cards. The client can withdraw money without any commissions from any bank’s ATM or ATMs of the bank’s partners around the world. Credit cards are issued in USD and SGD. They are secured. This means that if the client wishes to have a credit limit of USD 10,000, they must deposit this amount into an account that will remain untouched until they close their card. All the credit card bills are to be paid from their current account.
The bank offers the following payment cards:
- Clear Card;
- Clear Platinum Card;
- Dividend Card;
- Esso Mobil Privilege Card;
- M1 Platinum Visa Card;
- Paragon Platinum MasterCard;
- Platinum Visa/ MasterCard;
- Premier Miles Card;
- Rewards Card;
- SMRT Platinum Visa Card;
- TANGS Platinum Visa Card;
- Business/Corporate Gold Card;
- Purchasing Card;
- Travel Account Management;
- Business Card.
Please see more detailed information about the cards in the bank’s official page.
Procedure for Opening a Private Bank Account in Singapore
- You would need to contact us by sending an email to info@offshore-pro.info for a professional advice on opening your bank account.
- For our assistance with opening your personal bank account in Singapore, you will need to pay a fee of 2999 EUR, which you can pay by card or transfer, via Money Gram, WesternUnion, WebMoney or a bank transaction.
- After that we will move on to collecting and preparing the information that is required for getting your account opened. The following documents will be required for all account holders and signatories:
- Filled out, printed and signed copies of the bank papers for opening an account;
- Notarized copy of a travel document (pages with photo and signature), as well as a second ID card, i.e. a driver’s license, a credit card issued by another bank.
- Proof of the address of residence;
Translated and notarized copy of a utility bill or a bank account statement to confirm your residence address.
Note: This document must be no older than 3 months by the time the account-opening package is submitted, and it must be translated into English and notarized.
As a rule, account opening procedures take from several days to 3 weeks. –
Minimum account balance for a CitiGold Client is USD 150,000, and for the CitiGold Private Client it is USD 1 million. The bank gives the client three months replenish the account balance. If the amount in your account is less than USD 20,000, the account maintenance fee of USD 30 per month will be written off.
Please feel free to contact us by email to info@offshore-pro.info to start the procedure of opening your personal bank account in Singapore.
